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Switzerland – Partouche sells off its involvement in Casino de Crans-Montana in Switzerland.

By - 25 October 2021

Groupe Partouche has entered into an agreement to sell all of the 57 per cent of the shares it holds in Casino de Crans-Montana in Switzerland.

This sale, conditional on obtaining the approval of the Federal Gambling Commission (CFMJ), will be finalised by the end of January 2022.

Under the terms of the Group’s syndicated loan, the sale of the Crans-Montana casino will contribute either, in part, to the reduction of the Group’s financial debt, or to a reinvestment of the sums. No mention has been made yet as to who is buying the share in the property.

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